Richie Daley gets his pension. Maybe not you.
While teachers are threatened with a loss of promised pensions by the state legislature, the outgoing mayor of Chicago is wasting no time collecting 85% of his yearly salary of $216,000. Or $183,000 a year.
He joins 217 other retired politicians collecting over $100,000 in yearly pension payments. The average Illinois teacher gets well under $50,000 a year from their pension. No social security.
The list of $100,000 retired political pensioners includes former Governors James Thompson and Jim Edgar,